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Property profile & analytics
OFF-MARKET
Estimated value
$9,505,000
Distribution centers
17201 113th St Lenexa, KS 66219-1337
Entity Owned
Free & Clear
Property ID
US33-1559203
Property summary
AI-generated overview
This exceptional industrial property, known as Lenexa Logistics Centre South - Building 5, offers 100,607 square feet of immediately available warehouse space within a larger 354,055 square foot building. Situated on a substantial 27.4-acre lot at 17201 W. 113th Street in Lenexa, Kansas (zip code 66215), this property boasts a strategic location within Johnson County's thriving industrial submarket. The warehouse features a generous 36-foot ceiling height, providing ample vertical storage capacity. Efficient operations are supported by 86 dock-high doors, ensuring seamless loading and unloading. Ample parking is available with 636 spaces provided for employees and visitors. The property is zoned BP-2 Planned Manufacturing, allowing for a variety of industrial uses. Power is robust, with a 3,000 AMP 277/480V service. This single-suite warehouse presents a unique opportunity for businesses seeking a modern, functional, and strategically located facility in the heart of Johnson County, Kansas. The property is currently available for lease.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2014
Total area
347,324 SF
Lot
18.16 ac (790,956 SF)
APN
IP40210000 0005
UPID
US33-1559203
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.51M
Blend (final)
Blend
$9.51M
Owner & transaction history
Exeter 17201 W 113th LLC
Exeter 17201 W 113th LLC
since 2026
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$14.2M
+49.5%
Industrial (general)
$14.2M
+49.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lenexa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenexa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,505,000
Current use
APARTMENT HOUSE (5+ UNITS)
$14,215,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,170,000
Change: +49% · Conversion: Easy
Blend value · Realmo final
$9.51M
Range $8.55M – $10.46M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$27 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$395,127
Tax year 2023
Land market value
$1,977,390
Improvement market value
$19,440,610
Total market value
$21,418,000
Applied tax rate
607.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2014
Heating
SPACE
Cooling
AC.PACKAGE
Stories
1
Total area
347,324 SF
Lot
18.16 ac (790,956 SF)
APN
IP40210000 0005
UPID
US33-1559203
Jurisdiction
JOHNSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.2M
INDUSTRIAL (GENERAL)
Est. value
$14.2M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Heating
SPACE
Cooling
Yes
Stories
1
Lot
18.16 ac
Current owner
From public records · entity-resolved
Exeter 17201 W 113th LLC
Entity
Free & Clear · 0 yrs held
Mailing address
17101 W 87TH ST, LENEXA, KS 66219-9720
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
—
17201 W 113th Owner LLC
—
Deed
related
$500,000,000 · Wellsfargobankna
Feb 11, 2026
—
Exeter 17201 W 113th LLC
City Of Lenexa
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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